FL ARCHIVED October 2017 | Page 110

Market Action Report October 2017
Community Information | School District
Market Action Report October 2017

City : Miami

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 430,000
2 %
13 %
Average List Price of all Current Listings
$ 653,583
2 %
13 %
October Median Sales Price
$ 296,000
-1%
-1%
4 %
11 %
$ 295,000
11 %
10 %
October Average Sales Price
$ 367,264
7 %
3 %
10 %
14 %
$ 348,625
9 %
8 %
Total Properties Currently for Sale ( Inventory )
7,990
2 %
-5%
October Number of Properties Sold
672
12 %
-25%
9,174
-11%
October Average Days on Market ( Solds )
87
4 %
6 %
12 %
12 %
82
6 %
5 %
Asking Price per Square Foot ( based on New Listings )
$ 304
0 %
1 %
9 %
9 %
$ 297
7 %
6 %
October Sold Price per Square Foot
$ 223
-3%
-2%
8 %
11 %
$ 220
10 %
9 %
October Month ' s Supply of Inventory
11.9
-9%
8 %
27 %
43 %
9.3
13 %
12 %
October Sale Price vs List Price Ratio
94.0 %
. 4 %
-. 0 % -. 9 %
-. 7 %
94.1 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
1,400 October Property sales were 672 , down 25.2 % from 898 in
October of 2016 and 12.0 % higher than the 600 sales last 1,200 Property month . October Sales 2017 sales were at their lowest level compared 1,400
October October Property of 2016 sales and were 2015 672 . , October down 25.2 YTD % from sales 898 of 9,174 in are 1,000 October running of 10.7 2016 % and behind 12.0 % last higher year ' s than year-to-date the 600 sales sales last of 10,269 . 1,200 month . October 2017 sales were at their lowest level compared 800 to October of 2016 and 2015 . October YTD sales of 9,174 are 1,000 running 10.7 % behind last year ' s year-to-date sales of 10,269 .
600 800
400 600
200 400

Miami

1,054 1,264
Agent Name
Title Phone Website Other

Community Information | School District

949 1,054 1,199
Number of Properties Sold
0
200 N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O
0 14 15 16
17 N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O
Prices Median Sales Price and Average Sales Price
14 15 16
17 3 Mo Avg
The Median Sales Price in October was $ 296,000 , up 4.0 % from 400
Prices $ 284,525 in October of 2016 and down 1.3 % from $ 300,000 Median Sales Price and Average Sales Price
3 Mo Avg The last Median month Sales . The Price Average in October Sales Price was $ in 296,000 October , up was 4.0 $ % 367,264 from ,
380
400 $ up 284,525 10.5 % in from October $ 332,381 of 2016 in and October down of 1.32016 % from and $ 300,000 up 7.4 % from 360 last month . The Average Sales Price in October was $ 367,264 ,
380
$ 342,037 last month . October 2017 ASP was at the highest level 340 up 10.5 % from $ 332,381 in October of 2016 and up 7.4 % from 360 compared to October of 2016 and 2015 .
320
$ 342,037 last month . October 2017 ASP was at the highest level 340 300 compared to October of 2016 and 2015 . 320
280 300
260 280
240 260
220
240 220
200
200 N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O
N D
14 J F
15 M A M J J A S O N D J F M
16 A M J J A S O N D J F M A
17 M J J A S O
14 15 16
17
Inventory & MSI Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory & MSI of Properties available for sale as of Total Inventory & Month ' s Supply of Inventory ( MSI )
The October Total Inventory was 7,990 of , up Properties 2.1 % from available 7,828 last for sale month as of and down 12,000
14.0
October 4.6 % from was 8,377 7,990 , in up October 2.1 % from of last 7,828 year last . month October and 2017 down Inventory 12,000 14.0
10,000 12.0
4.6 was % from at its 8,377 lowest in level October compared of last year with . October 2017 of 2016 Inventory and 201510,000 .
12.0 10.0 was at its lowest level compared with October of 2016 and 2015 . 8,000 10.0
8,000 8.0
6,000 8.0
6,000 6.0
A comparatively lower MSI is more beneficial for sellers while a 4,000 6.0
A comparatively lower MSI is more beneficial for sellers while a 4,000
4.0 higher MSI is better for buyers . The October 2017 MSI of 11.9
4.0 higher months MSI was is better at its highest for buyers level . The compared October with 2017 October MSI of 11.9 2,000 of 2016
2.0 2,000 months was at its highest level compared with October of 2016 2.0 and 2015 . 0
0.0 and 2015 .
0
0.0 N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O
N D J F M A J J A S O N D J F M A M J J A S O N D J F M A M J J A S O 14 15
16 17
14 15 16
17
1,231 1,256
1,054 1,264 949 1,054 1,199 1,231 1,256 1,292 1,307 1,180 1,110 1,151 982 1,082 819 883 1,097 1,087 1,122 1,189 1,014 1,137 1,023 898 896 1,022 750 850 1,102 979 1,165 1,129 931 996 600 672
9,645 9,136 9,132 8,999 8,786 8,467 8,243 8,073 8,121
1,292 1,307 1,180 1,110
Number of Properties Sold
1,151 982 1,082 819 883 1,097 1,087 1,122
8,060 7,973 8,202 7,893 7,715 8,171 8,496 8,453 8,395 8,361 8,365 8,332 8,207 8,334 8,377 8,437 8,105 8,370 8,386 8,368 8,174 8,119 8,045 8,143 8,110 7,828 7,990
1,189 1,014 1,137 1,023 898 896 1,022 750 850 1,102
3 Mo Avg
9,645 9,136 9,132 8,999 8,786 8,467 8,243 8,073 8,121 8,060 7,973 8,202 7,893 7,715 8,171 8,496 8,453 8,395 8,361 8,365 8,332 8,207 8,334 8,377 8,437 8,105 8,370 8,386 8,368 8,174 8,119 8,045 8,143 8,110
979 1,165 1,129 931
3 Mo Avg
996
7,828
7,990 600 672
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
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Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami Association of REALTORS , My Florida Regional MLS , Naples Area Board of REALTORS , REALTORS Association of the Palm Beaches , Space Coast Asso does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .